At the opening bell, the Sensex fell 79.95 points to 80,561.12, while the Nifty50 dipped 14.55 points, closing at 24,365.05. The response is in line with persistent jitteriness as the geopolitical landscape remains in a state of flux.
In the larger market, midcap stocks were resilient with the BSE Midcap index gaining 0.44%. But the BSE Smallcap index dipped marginally by 0.04%, showing mixed reactions from retail and institutional players.
Key Market Highlights
- Operation Sindoor: India conducted missile attacks on nine terror camps in Pakistan in response to the April 22 Pahalgam attack, which killed 26 civilians. There has been intense shelling across the Line of Control since the operation, further fueling market fears.
- Civil Defence Drill: The Indian government has requested all states to organize a civil defense mock drill across the country today, 7th May. This is being done in 244 specified districts to evaluate emergency preparedness in the face of increased security concerns.
- Global Cues Mixed: In international markets, U.S. futures were a bit stronger. S&P 500 futures gained 0.8%, indicating a bit of optimism on Wall Street. Nevertheless, Asian markets were weak—futures for Australia's S&P/ASX 200 declined by 0.4%, and Japan's Nikkei 225 futures were lower by 0.3%.
This stock market update shows a balanced start to the week, with Sensex Today and Nifty50 holding key levels despite global jitters. Use the 24,200 support for trading cues, and consider the eight stock ideas to buy or sell based on your goals. Stay tuned to this daily Stock Market News for the latest on the nifty and sensex opening price today and the ongoing Indian Market Surge. Happy investing!